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PPP CONVERSION FACTOR TO OFFICIAL EXCHANGE RATE RATIO CURRENCY

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Currency Statistics > PPP conversion factor to official exchange rate ratio (2004) by country

VIEW DATA:   Totals  
Definition     Source      Printable version   
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Showing values for 2004. Select another time period:
Rank   Countries  Amount  Date  
# 1     Switzerland: 1.42   2004 Time series
# 2     Denmark: 1.41   2004 Time series
# 3     Norway: 1.4   2004 Time series
# 4     Luxembourg: 1.31   2004 Time series
# 5     Iceland: 1.31   2004 Time series
# 6     Sweden: 1.26   2004 Time series
# 7     Ireland: 1.25   2004 Time series
# 8     Japan: 1.21   2004 Time series
# 9     Netherlands: 1.19   2004 Time series
# 10     Germany: 1.18   2004 Time series
# 11     France: 1.16   2004 Time series
# 12     Finland: 1.16   2004 Time series
# 13     Lebanon: 1.13   2004 Time series
# 14     United Kingdom: 1.12   2004 Time series
# 15     Austria: 1.11   2004 Time series
# 16     Belgium: 1.11   2004 Time series
# 17     Australia: 1.07   2004 Time series
# 18     Italy: 1.06   2004 Time series
# 19     United Arab Emirates: 1.01   2004 Time series
# 20     New Zealand: 1.01   2004 Time series
# 21     United States: 1   2004 Time series
# 22     Kuwait: 0.99   2004 Time series
# 23     Congo, Republic of the: 0.97   2004 Time series
# 24     Canada: 0.96   2004 Time series
# 25     Cyprus: 0.95   2004 Time series
# 26     Spain: 0.94   2004 Time series
# 27     Singapore: 0.91   2004 Time series
# 28     Greece: 0.86   2004 Time series
# 29     Equatorial Guinea: 0.86   2004 Time series
# 30     Portugal: 0.85   2004 Time series
# 31     Antigua and Barbuda: 0.83   2004 Time series
# 32     Jamaica: 0.82   2004 Time series
# 33     Gabon: 0.79   2004 Time series
# 34     Slovenia: 0.78   2004 Time series
# 35     Bahrain: 0.78   2004 Time series
# 36     Hong Kong: 0.76   2004 Time series
# 37     Malta: 0.73   2004 Time series
# 38     Saint Lucia: 0.72   2004 Time series
# 39     Israel: 0.71   2004 Time series
# 40     Trinidad and Tobago: 0.71   2004 Time series
# 41     Saudi Arabia: 0.71   2004 Time series
# 42     Venezuela: 0.7   2004 Time series
# 43     Yemen: 0.7   2004 Time series
# 44     Korea, South: 0.69   2004 Time series
# 45     Saint Kitts and Nevis: 0.67   2004 Time series
# 46     Angola: 0.66   2004 Time series
# 47     Mexico: 0.65   2004 Time series
# 48     Croatia: 0.65   2004 Time series
# 49     Oman: 0.63   2004 Time series
# 50     Panama: 0.63   2004 Time series
# 51     Estonia: 0.61   2004 Time series
# 52     Dominica: 0.61   2004 Time series
# 53     Ecuador: 0.61   2004 Time series
# 54     Hungary: 0.6   2004 Time series
# 55     Czech Republic: 0.56   2004 Time series
# 56     Turkey: 0.55   2004 Time series
# 57     Saint Vincent and the Grenadines: 0.55   2004 Time series
# 58     Belize: 0.54   2004 Time series
# 59     Grenada: 0.54   2004 Time series
# 60     Nigeria: 0.54   2004 Time series
# 61     Côte d'Ivoire: 0.54   2004 Time series
# 62     Chile: 0.53   2004 Time series
# 63     Seychelles: 0.52   2004 Time series
# 64     Fiji: 0.52   2004 Time series
# 65     Slovakia: 0.52   2004 Time series
# 66     Poland: 0.51   2004 Time series
# 67     Guatemala: 0.51   2004 Time series
# 68     Latvia: 0.5   2004 Time series
# 69     Lithuania: 0.5   2004 Time series
# 70     Vanuatu: 0.49   2004 Time series
# 71     Zambia: 0.49   2004 Time series
# 72     Botswana: 0.49   2004 Time series
# 73     Albania: 0.48   2004 Time series
# 74     Swaziland: 0.48   2004 Time series
# 75     Malaysia: 0.47   2004 Time series
# 76     Costa Rica: 0.46   2004 Time series
# 77     El Salvador: 0.46   2004 Time series
# 78     Benin: 0.45   2004 Time series
# 79     South Africa: 0.45   2004 Time series
# 80     Peru: 0.45   2004 Time series
# 81     Tanzania: 0.44   2004 Time series
# 82     Cameroon: 0.44   2004 Time series
# 83     Russia: 0.42   2004 Time series
# 84     Kenya: 0.42   2004 Time series
# 85     Jordan: 0.42   2004 Time series
# 86     Uruguay: 0.42   2004 Time series
# 87     Brazil: 0.41   2004 Time series
# 88     Kazakhstan: 0.41   2004 Time series
# 89     Djibouti: 0.41   2004 Time series
# 90     Romania: 0.41   2004 Time series
# 91     Mauritius: 0.41   2004 Time series
# 92     Senegal: 0.4   2004 Time series
# 93     Algeria: 0.4   2004 Time series
# 94     Namibia: 0.4   2004 Time series
# 95     Macedonia, Republic of: 0.39   2004 Time series
# 96     Morocco: 0.38   2004 Time series
# 97     Georgia: 0.38   2004 Time series
# 98     Mali: 0.38   2004 Time series
# 99     Bulgaria: 0.38   2004 Time series
# 100     Syria: 0.37   2004 Time series
# 101     Tunisia: 0.36   2004 Time series
# 102     Bolivia: 0.36   2004 Time series
# 103     Suriname: 0.36   2004 Time series
# 104     Belarus: 0.34   2004 Time series
# 105     Cape Verde: 0.34   2004 Time series
# 106     Chad: 0.34   2004 Time series
# 107     Samoa: 0.34   2004 Time series
# 108     Comoros: 0.33   2004 Time series
# 109     Indonesia: 0.33   2004 Time series
# 110     Mongolia: 0.33   2004 Time series
# 111     Honduras: 0.32   2004 Time series
# 112     Burkina Faso: 0.32   2004 Time series
# 113     Sudan: 0.32   2004 Time series
# 114     Iran: 0.32   2004 Time series
# 115     Moldova: 0.32   2004 Time series
# 116     Thailand: 0.31   2004 Time series
# 117     Argentina: 0.31   2004 Time series
# 118     Colombia: 0.31   2004 Time series
# 119     Niger: 0.3   2004 Time series
# 120     Solomon Islands: 0.3   2004 Time series
# 121     Pakistan: 0.29   2004 Time series
# 122     Micronesia, Federated States of: 0.29   2004 Time series
# 123     Dominican Republic: 0.28   2004 Time series
# 124     Central African Republic: 0.28   2004 Time series
# 125     Armenia: 0.28   2004 Time series
# 126     Papua New Guinea: 0.28   2004 Time series
# 127     Haiti: 0.28   2004 Time series
# 128     Mozambique: 0.27   2004 Time series
# 129     Egypt: 0.27   2004 Time series
# 130     Sierra Leone: 0.27   2004 Time series
# 131     Azerbaijan: 0.27   2004 Time series
# 132     Madagascar: 0.27   2004 Time series
# 133     Tajikistan: 0.26   2004 Time series
# 134     China: 0.25   2004 Time series
# 135     Mauritania: 0.25   2004 Time series
# 136     Uzbekistan: 0.25   2004 Time series
# 137     Lesotho: 0.24   2004 Time series
# 138     Nicaragua: 0.24   2004 Time series
# 139     Sri Lanka: 0.24   2004 Time series
# 140     Tonga: 0.24   2004 Time series
# 141     Togo: 0.24   2004 Time series
# 142     Guyana: 0.23   2004 Time series
# 143     Laos: 0.23   2004 Time series
# 144     Philippines: 0.23   2004 Time series
# 145     Malawi: 0.23   2004 Time series
# 146     Kyrgyzstan: 0.23   2004 Time series
# 147     Guinea-Bissau: 0.22   2004 Time series
# 148     India: 0.21   2004 Time series
# 149     Ukraine: 0.21   2004 Time series
# 150     Bangladesh: 0.21   2004 Time series
# 151     Guinea: 0.2   2004 Time series
# 152     São Tomé and Príncipe: 0.2   2004 Time series
# 153     Vietnam: 0.2   2004 Time series
# 154     Paraguay: 0.19   2004 Time series
# 155     Rwanda: 0.18   2004 Time series
# 156     Uganda: 0.18   2004 Time series
# 157     Ghana: 0.18   2004 Time series
# 158     Congo, Democratic Republic of the: 0.18   2004 Time series
# 159     Kiribati: 0.17   2004 Time series
# 160     Zimbabwe: 0.17   2004 Time series
# 161     Nepal: 0.17   2004 Time series
# 162     Cambodia: 0.16   2004 Time series
# 163     Gambia, The: 0.15   2004 Time series
# 164     Ethiopia: 0.15   2004 Time series
# 165     Burundi: 0.13   2004 Time series
# 166     Eritrea: 0.13   2004 Time series
Weighted average: 0.5  


DEFINITION: Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amount of goods and services in the domestic market as a U.S. dollar would buy in the United States. Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar). The ratio of the PPP conversion factor to the official exchange rate (also referred to as the national price level) makes it possible to compare the cost of the bundle of goods that make up gross domestic product (GDP) across countries. It tells how many dollars are needed to buy a dollar's worth of goods in the country as compared to the United States.

SOURCE: World Development Indicators database

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CITATION

"PPP conversion factor to official exchange rate ratio (2004) by country", World Development Indicators database. Retrieved from http://www.NationMaster.com/graph/cur_ppp_con_fac_to_off_exc_rat_rat-factor-official-exchange-rate-ratio&date=2004

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COMMENTARY     

Andras
30th March 2011 		The definition is wrong.

"DEFINITION: Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amount of goods and services in the domestic market as a U.S. dollar would buy in the United States."

Hungary's conversion factor is 0.61, for example. According to the above definition, I'd need 0.61 Hungarian forints to buy the same amount of goods / services in the domestic market that a USD would buy in the US. But 0.61 forints is worth absolutely nothing --it's less than 1 cent.

The definition should read:

DEFINITION: Purchasing power parity conversion factor is the number of units of ***U.S. dollars*** required to buy the same amount of goods and services in the domestic market as a U.S. dollar would buy in the United States.
je
13th June 2010 		I don't understand it.
When I look at the IMF and world bank data I receive different numbers and different factors than the one here.
Are you sure this is correct numbers???
shaft (malaysia)
8th February 2009 		i want the PPP conversion factor to official exchange rate ratio for UAE from 2006 to
thank you
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